Monday, November 2, 2015

Multi Housing Advisors Brokers Sale of Apartment Community in Birmingham, AL

Monte D'Oro Apartments, Birmingham, AL

Jimmy Adams
 BIRMINGHAM, A.L. (Oct. 27, 2015) — Multi Housing Advisors (MHA) has arranged the sale of Monte D’Oro, a 200-unit apartment community located in Birmingham, Alabama.

Jimmy Adams of MHA’s Birmingham office represented the seller, Merion Realty Partners, in the transaction. Hawthorne Residential Partners purchased the property, and plans to make significant renovations and rebrand the property as Hawthorne at Wisteria.

“Hawthorne Residential was able to acquire a performing asset in the highly desirable Hoover market,” Adams said. “High barriers to entry are causing demand to outstrip supply in the area, putting upward pressure on rental rates.”  

Monte D’Oro’s proximity to Interstate 65 and Highway 31 provides access to Birmingham’s three biggest employment nodes and a host of premier retail. The property features very large floorplans, a top tier amenity package, and access to the Hoover public school system.

For a complete copy of the company’s news release, please contact:

Deborah Rogers
Multi Housing Advisors

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